I have written about what I believe regarding Cardano in the past. I believe it is one of the most important cryptocurrencies out there. I believe the foundation is solid, that it is built on rigorous and healthy thinking, research based, and is not attempting to manipulate the market for short term gains. Cardano delayed it's last upgrade, the Vasil hardfork in the fall of 2022 for a few weeks despite pressure to push it through.  I love that about Cardano, do what is right, not what people want in the moment.

This brings me to the newly created stable coin, Djed that was launched today. From what I understand, since the fall of the stablecoin Terra Luna the market is down 10x on this form of asset: https://cointelegraph.com/news/ada-backed-algorithmic-stablecoin-djed-launched-on-cardano

In the short term, this makes me nervous that Cardano would launch now the public sentiment so low regarding this type of asset. However, as I think about it, I think they may be onto something. Think about it, there is an appetite in the market for this type of asset, it is just suppressed at this time due to the brutal 2022. Thinking for the long term, and then making decisions for the long term is the reason my thoughts about his has changed over the past few months.

In general, Cardano has had a good 2023 so far. You can read about price predictions into the future for most major cryptocurrencies. Many are talking about Cardano reaching $1 and up to $10 by the end of 2023. I cannot predict the future, but I believe it will be over $1 and possibly a lot higher by the end of 2023. We will see!!!

I should note, I am not writing about financial advice. I am writing about my thought process regarding this topic. I love the psychology of how Cardano is doing things.  This is not investment advice.